Property Description

Breezeway Townhomes-an 18-unit, two-parcel townhome portfolio in Avon Park's Lake Anoka Village. Built in 1985, the property has been extensively remodeled with little deferred maintenance and features durable metal roofs throughout. All 18 units share a consistent 2 bedroom / 1.5 bath floor plan, each with an oversized private lanai-a distinguishing feature rarely found in this submarket. Situated on two 0.49-acre parcels (1000 & 1001 S Lake Anoka Blvd), zoned R2, with city water and city sewer. Current in-place rents run well below market, generating $185,154 in after expense operating income (6.62% cap rate), with a clear, ownership-modeled path to $218,211 NOI as units turn-14%+ upside in gross rental income before broader market rent growth.